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SS&C Technologies, Inc. Announces Filing for Public Offering
Business Wire, March 1, 2004
Business Editors/High-Tech Writers
WINDSOR, Conn.--(BUSINESS WIRE)--March 1, 2004
SS&C Technologies, Inc. (NASDAQ: SSNC) today announced that it filed a registration statement with the Securities and Exchange Commission for a public offering of 3,000,000 shares of Common Stock (before giving effect to the Company's three-for-two stock split, which is payable on or about March 5, 2004 to stockholders of record as of February 20, 2004). Of the shares being offered, 2,250,000 pre-split shares are being offered by the Company and 750,000 pre-split shares are being offered by selling stockholders. One of the selling stockholders has also granted to the Underwriters an option to purchase up to an additional 450,000 pre-split shares to cover over-allotments. The net proceeds from the sale of shares by the Company will be used for working capital and other general corporate purposes, including potential acquisitions. The Company will not receive any proceeds from the sale of shares by selling stockholders. Goldman, Sachs & Co. is acting as the book running manager for the offering. JP Morgan, SunTrust Robinson Humphrey, Jefferies Broadview and America's Growth Capital are acting as co-managers.
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Copies of the final prospectus may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004. Attn: Prospectus Dept. Phone: (212) 902-1171.
SS&C Technologies is a leading provider of investment and financial management software, business process outsourcing solutions and application service provider solutions. SS&C serves clients in several industry segments, including: 1) commercial lending, 2) financial institutions, 3) hedge funds and family offices, 4) insurance entities and pension funds, 5) institutional asset management, 6) municipal finance and 7) real estate property management.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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